29 Grant StProvidenceRI02909
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Providence at 29 Grant St, Providence, RI, 02909 priced at $638,900 converts $3,556/mo rent into after a $3,127/mo obligation. Total monthly income equals $3,556/mo. Return on cash invested prints 16.08% in year one, and rental yield reads 6.68% against a $638,900 entry. Equity gained on principal adds $4,123/yr, while 5% annual appreciation compiles into $176,516 by year five. Five-year ROI reaches 82.92% and total cumulative return in cash sums $174,297. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,556/mo property income covering a $3,127/mo payment, not borrower’s personal income.
Single Family
Built in 2007
3,049 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02909, Providence, RI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,097 (100%) |
| Owner Occupied HU | 5,404 (29.9%) |
| Renter Occupied HU | 11,539 (63.8%) |
| Vacant Housing Units | 1,154 ( 6.4%) |
| Median Home Value | $326,092 |
| Average Home Value | $353,365 |
Housing Distribution
Address Breakdown
Residential
15,083
Single Family
11,844
Multi-Family
3,239
Businesses
1,034
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Listed by: N/A • N/A
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